Investors expect the FOMC to increase interest rates by 75 basis points at its meeting next month and remain cautious until the end of the year.
After a relatively calm weekend, the cryptocurrency market showed no signs of stabilizing. However, within the first few hours of trade, the majority of tokens were trading at a profit. Bitcoin’s price was steady around $19,000 during the day.
Bitcoin $19,480.05 1.80%
Bitcoin (BTC) traded between $19,088 and $19,427 in the last 24 hours. BTC is trading at $19,258 today, up 0.51%.
The worldwide cryptocurrency market cap is $970 billion, down -62.29% from a year ago. Bitcoin’s market valuation is $372 billion, indicating 38.36% domination. Stablecoins’ market value is $148 billion and represents 15.25% of the crypto market.
Market Cap: $971,771,076,011.07
24h Vol: $47,813,097,153.32
BTC Dominance: 38.44%
The majority of cryptocurrency tokens are trading higher on Monday. Cardano +0.89%, Solana +2.41%, Polygon +2.23%, Lido Staked Ether +2.68%, TRON +1.56%, Avalanche +3.26%, and Cosmos +2.48% are all up. XRP is down -1.83%.
Ethereum $1,317.73
XRP $0.474834
Cardano $0.371751
Solana $30.55
Polygon $0.82
Lido Staked Ether $1,311.09
TRON $0.062552
Avalanche $16.09
Cosmos Hub $11.90
The post Crypto Market – October 17, 2022 appeared first on Cryptopress.
